Cleveland-Cliffs Iron 401(k) match, vesting and fees
What Cleveland-Cliffs Iron's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv Inst Operations Co | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 77 defined-contribution plans in mining, quarrying, and oil and gas extraction with 500 to 999 participants.
| Cleveland-Cliffs Iron: employer contribution per participant | $346 | |
| Peer median | $3,161 |
| Cleveland-Cliffs Iron: average balance | $192,489 | |
| Peer median | $80,254 |
| Cleveland-Cliffs Iron: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.18% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $134M at the end of plan year 2021 to $133M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 845 | $133M | $239K | $346 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 886 | $120M | $139K | $207 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 868 | $103M | $77K | $114 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 890 | $134M | $14K | $21 | — | Not published | Form 5500 ↗ |
Other Cleveland-Cliffs Iron plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | BNY Mellon | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Cleveland-Cliffs Iron match 401(k) contributions?
The match terms for the Savings Plan for Hourly Employees of Empire Iron Mining Partnership, Tilden Mining Company,l.C. and the Cleveland-Cliffs Iron Company have not been published from its filing yet. The plan year 2024 filing reports $239K in employer contributions, about $346 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cleveland-Cliffs Iron 401(k) match vested?
The vesting schedule for the Savings Plan for Hourly Employees of Empire Iron Mining Partnership, Tilden Mining Company,l.C. and the Cleveland-Cliffs Iron Company is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cleveland-Cliffs Iron 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Inv Inst Operations Co. The plan administrator is Employee Benefits Admin Dept. Attn Abigail Ducharme.
I left Cleveland-Cliffs Iron. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Employee Benefits Admin Dept. Attn Abigail Ducharme, (216) 694-5505) or the recordkeeper, Fidelity Inv Inst Operations Co. The Cleveland-Cliffs Iron old 401(k) page lists the contacts from every plan filing. Find an old Cleveland-Cliffs Iron 401(k)
Data from the public Form 5500 annual reports Cleveland-Cliffs Iron filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Cleveland-Cliffs Iron. Not financial advice. Report a correction · Methodology